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Global Atherectomy Devices Market 2016-2020

About Atherectomy Devices

Physicians use atherectomy, a minimally invasive surgical procedure, to remove plaque that blocks vein grafts or coronary arteries. Plaque can also accumulate in the peripheral or coronary blood vessels. Physicians use a catheter that has a sharp blade at the end for the ablation, abrasion, or excision of the atherosclerotic plaque. Atherectomy helps reduce the burden of soft calcific plaque, minimize vessel wall trauma, and change the vessel compliance that leads to a decrease in the need for bail-out stenting. The procedure can be performed along with balloon angioplasty and stent placement or as a stand-alone treatment option. In the market, available atherectomy devices are based on laser (excimer), rotational, directional, and orbital technologies.

Technavio’s analysts forecast the global atherectomy devices market to grow at a CAGR of 5.67% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global atherectomy devices market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of atherectomy devices. The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Atherectomy Devices Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Boston Scientific
  • Cardiovascular Systems
  • Medtronic
  • Spectranetics
Other prominent vendors
  • Avinger
  • Volcano
Market driver
  • Prevalence of peripheral artery disease
  • For a full, detailed list, view our report
Market challenge
  • Lack of product differentiation
  • For a full, detailed list, view our report
Market trend
  • Demand for minimally invasive endovascular surgeries
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Atherectomy Devices Market 2016-2020

Technavio recognizes the following companies as the key players in the global atherectomy devices market: Boston Scientific, Cardiovascular Systems, Medtronic, and Spectranetics.

Other Prominent Vendors in the market are: Avinger, and Volcano.

Commenting on the report, an analyst from Technavio’s team said: “One of the major market trends leading to market growth will be increase in M&A. Vendors enter into M&A to extend their product offerings, increase their market shares, and expand their operations. They acquire other companies to enhance their R&D capabilities for manufacturing innovative devices that meet consumer needs. Acquisition of other companies allows vendors access to the product portfolio of the acquired company. M&A as a business strategy helps new players enter the market. The competition in the market has become intense, as many vendors such as Boston Scientific and Medtronic are trying to increase their market share by undergoing M&A.”

According to the report, prevalence of peripheral artery disease will be the major driver for market growth. The peripheral artery disease is a circulatory condition characterized by the contraction of the peripheral arteries resulting in limited blood supply to the stomach, legs, arms, and head. This disease is similar to coronary artery disease in its prevalence worldwide. Increased smoking, hypertension, high cholesterol levels, and diabetes are major risk factors for the disease. Genetics and co-morbidities can also cause this disease. In 2015, the American Heart Association estimated that about 200 million people worldwide have peripheral artery disease. Individuals with peripheral artery disease are 4-5 fold more likely to have a heart attack or stroke.

Further, the report states that stringent regulatory framework will be a challenge faced by the market. Strict product approval processes and safety regulations make it difficult for manufacturers to launch new products in the market. Regulatory bodies have imposed a stringent labeling requirement and regulatory framework for atherectomy devices. Regulatory agencies consider some of these as high-risk devices that need to undergo safety examination to demonstrate medical efficacy before approval. A device's failure to comply with regulations can restrict its approval and delay its launch. Regulatory approval processes are time consuming. Vendors extensively invest in the development and approval of their devices. Delay in the approval of devices can negatively affect vendors' profit margins.

Companies Mentioned

Boston Scientific, Cardiovascular Systems, Medtronic, Spectranetics, Avinger, Volcano.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
    • Market size and forecast
      • Table Global atherectomy devices market 2015-2020 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Atherectomy devices: Reimbursement scenario
    • Reimbursement scenario in Americas
      • Table Reimbursement for atherectomy devices in US
      • Table Number of healthcare systems in US
      • Table Benefits and disadvantages of consolidation
      • Table Acquisitions of hospitals in US: Average deal 2007 and 2013 ($ millions)
      • Table Top three acquisitions of healthcare facilities in US 2013
      • Table Landscape of healthcare system in US
    • Reimbursement scenario in EMEA
    • Reimbursement scenario in APAC
  • Market segmentation by technology
    • Table Global atherectomy devices market segmentation by technology
    • Directional atherectomy
    • Rotational atherectomy
    • Orbital atherectomy
    • Laser atherectomy
  • Geographical segmentation
    • Table Global atherectomy devices market segmentation by geography 2015
    • Table Global atherectomy devices market segmentation by geography 2020
    • Table Global atherectomy devices market segmentation by geography 2015-2020
    • Atherectomy devices market in Americas
      • Table Atherectomy devices market in Americas 2015-2020 ($ millions)
    • Atherectomy devices market in EMEA
      • Table Atherectomy devices market in EMEA 2015-2020 ($ millions)
    • Atherectomy devices market in APAC
      • Table Atherectomy devices market in APAC 2015-2020 ($ millions)
  • Market drivers
    • Prevalence of peripheral artery disease
    • Advances in technology
    • Favorable reimbursement scenario
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Product recalls
    • Lack of product differentiation
    • Stringent regulatory framework
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Increase in M&A
    • Focus on emerging countries
    • Demand for minimally invasive endovascular surgeries
  • Vendor landscape
    • Competitive scenario
  • Key vendor analysis
    • Boston Scientific
      • Table Boston Scientific: Product portfolio
      • Table Boston Scientific: Business segmentation by revenue 2014
      • Table Boston Scientific: Revenue and YoY growth of interventional cardiology 2012-2015 ($ billions)
      • Table Boston Scientific: Key takeaways
    • Cardiovascular Systems
      • Table Cardiovascular Systems: Launch dates of atherectomy devices
      • Table Cardiovascular Systems: Product portfolio
      • Table Cardiovascular Systems: Key takeaways
    • Medtronic
      • Table Medtronic: Product portfolio
      • Table Medtronic: Key takeaways
    • Spectranetics
      • Table Spectranetics: Product portfolio
      • Table Spectranetics: Key takeaways
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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